Is NZD the weakest link towards the Fed decision?
The economy in New Zealand continued growing, but at a lower pace than expected, and not for the first time. In Q2, the economy grew +0.4% against +0.6% expected. Also on an annual basis, the economy advanced by 2.4% instead of 2.5% predicted.
NZD/USD dropped in the immediate aftermath, but is basically maintaining its range towards the all important Fed decision. Is it vulnerable.
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